Tim Eggar, chairman of the UK's Oil and Gas Authority (OGA), sent shockwaves through the industry on Wednesday (15 January) when he said growing public awareness about climate change was putting the sector's very survival at stake.
Kazakhstan and Belarus will discuss an oil supply deal before 20 January, Kazakhstan Energy Minister Nurlan Nogayev told reporters on Wednesday (15 January), without explaining the significance of that date.
The world’s nations are on track to produce more than twice as much coal, oil and gas as can be burned by 2030 while restricting rise in the global temperature to 1.5C, analysis shows. EURACTIV's media partner, The Guardian, reports.
Despite an explosion in green finance, banks have made only superficial changes to their lending practices, with fossil fuel funding going virtually unabated over the past years, according to a new report by Boston Common Asset Management released today (11 November).
The world's largest oil and gas companies must cut combined production by 35% by 2040 if nations are the meet the collective ambitions of the Paris Agreement and limit global warming to below 2C, a new report from Carbon Tracker has found. EURACTIV's media partner edie.net reports.
A ambitious new Arctic oil project led by Russia’s top oil producer Rosneft will require about 10 trillion roubles ($157 billion) of investment, Russia’s deputy energy minister Pavel Sorokin told reporters.
The five biggest publicly listed oil and gas companies and trade groups representing them spent more than 250 million euros lobbying the European Union to influence climate action since 2014, environmental groups said Thursday (24 October).
Not a single EU member state has so far spelled out a comprehensive plan to phase out fossil fuel subsidies, despite a commitment taken at the G20 ten years ago to eliminate them, according to a fresh analysis of the bloc’s 28 National Energy and Climate Plans.
Since 2018, oil and gas companies have spent $50bn (€45.3bn) on investment projects that undermine the Paris Agreement, with a new report from think tank Carbon Tracker warning that major companies risk wasting $2.2trn (€1.9trn) on stranded assets by 2030. EURACTIV's media partner edie.net report.
With oil use in cars expected to peak in the mid-2020s, oil companies are seeking shelter in petrochemicals – and plastics – where demand is still going strong. However, even that notion is now being challenged because of a global plastics backlash led by Europe.
The European Commission on Tuesday (13 August) imposed countervailing duties of 8% to 18% on imports of subsidised biodiesel from Indonesia, saying the move aimed to restore a level playing field for European Union producers.
Polish oil refiner PKN Orlen's bid for rival Lotos may reduce competition in Poland and neighbouring countries and push up prices, EU antitrust regulators said on Wednesday (7 August) as they opened a full-scale investigation.
The Russian government will submit legislation to ratify the Paris climate agreement by September, but president Vladimir Putin warned against the perils of “absolutist” renewable energy. EURACTIV's media partner Climate Home News reports.
Ministers from China, Canada and the EU met for a third annual climate summit in Brussels on Friday (28 June), in a format meant to demonstrate that the world continues the climate fight even if America is retreating.
Oil and gas infrastructure as well as electric power stations could suffer major failures in the coming years if they are not adapted to withstand extreme weather caused by climate change, EU officials have warned.
Pope Francis said on Friday (14 June) that carbon pricing is “essential” to stem global warming – his clearest statement yet in support of penalising polluters – and appealed to climate change deniers to listen to science.